THE BAD

Finweek English Edition - - IN BRIEF -

Public pro­tec­tor Thuli Madon­sela’s long-awaited re­port into the wheel­ings and deal­ings at the Pas­sen­ger Rail Agency of SA (Prasa) mostly told us what we ex­pected: it’s yet another paras­tatal paral­ysed by mal­ad­min­is­tra­tion, cor­rup­tion and fruit­less and waste­ful ex­pen­di­ture. For­mer CEO Lucky Mon­tana is widely im­pli­cated in the im­proper award­ing of ten­ders at Prasa amount­ing to nearly R3bn. Mon­tana dis­missed the find­ings and is threat­en­ing court ac­tion; Madon­sela hopes to have a sec­ond re­port out in the next six months.

Lucky Mon­tana

For­mer Prasa CEO

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